Understanding the Elliot Wave Update for S&P 500 and NASDAQ 100

Finance Financial Markets

In this article, we will review the latest Elliot wave update for the S&P 500 and the NASDAQ 100, focusing on the current rally phase. We will also analyze technical indicators to understand the market's actual direction and discuss the potential scenarios for the market's movement.

Current Market Analysis

⚡️The speaker is reviewing the Elliot wave update for the S&P 500 and the NASDAQ 100, focusing on the current rally phase.

📊The speaker is considering alternate counts and analyzing technical indicators to understand the market's actual direction.

🔍The speaker emphasizes the importance of relying on technical indicators rather than personal opinions or external factors.

💰There is around $5.2 trillion waiting to be placed in the market.

📉The movement back into bonds and stocks is driven by the belief that the Fed will decrease or cut rates starting in May or July.

Market Predictions and Scenarios

📈The speaker is presenting the possibility of reaching a new all-time high.

🔄The larger decline is still ongoing and can change.

💡Wave five could potentially reach a new high at 4870.

❓Possible scenarios include a wave B followed by a wave C, or a fourth wave with ABC pattern.

🔍There is a possibility that the current wave pattern is a minor fourth wave.

FAQ

How much money is waiting to be placed in the market?

There is around $5.2 trillion waiting to be placed in the market.

What is driving the movement back into bonds and stocks?

The movement back into bonds and stocks is driven by the belief that the Fed will decrease or cut rates starting in May or July.

What is the potential price for wave five?

Wave five could potentially reach a new high at 4870.

What are the possible scenarios for the market's movement?

Possible scenarios include a wave B followed by a wave C, or a fourth wave with ABC pattern.

What is the speaker looking for to make further predictions?

The speaker is looking for a fourth wave to be able to make further predictions.

Summary with Timestamps

📈 0:02The speaker is reviewing the Elliot wave update for the S&P 500 and the NASDAQ 100, focusing on the current rally phase.

💰 4:56The movement of money from the sidelines to the market is causing a rally in bonds and stocks due to the perception that the Fed is done hiking rates and inflation will be under control.

💼 9:09The speaker discusses the market and how it dictates everything, presenting the possibility of reaching a new all-time high.

📉 14:26The speaker is discussing the completion of an intermediate c-wave to complete the primary b-wave.

📈 19:35The speaker discusses potential price levels and patterns in a market.

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